Note 11 - Commitments

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

N

OTE

11

:

COMMITMENTS

Lease commitments

In

November

2012,

the Company signed an operating lease agreement for the US headquarters for a period of

7

years with an option to extend for additional

5

years. In

September

2009,

the Company's subsidiary signed a new agreement for a lease in respect of the UK facility for a period of

15

years with an option to cancel the lease after

10

years on

September

2019.

Future non-cancellable rental commitments under operating leases are as follows:

Year Ended December 31,
2017	$	291
2018		295
2019		219
2020		139
2021		139
2022 to 2024		383
Total	$	1,466

Total rent expense for the years ended

December

31,

2016

and

2015

was approximately

$294

and

$299,

respectively.